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Commercial Mortgage Delinquencies Dip to Pandemic-Era Low

Delinquency rates for commercial and multifamily property mortgages kept declining in May 2021, according to the Mortgage Bankers Association. So reports World Property Journal.

MBA“Commercial and multifamily mortgage delinquency rates ticked down last month to the lowest level since the onset of the COVID-19 pandemic," Jamie Woodwell, MBA's vice president of commercial real estate research, said in a statement.

Fully 95.2% of outstanding loan balances were current in May, improving from 95.1% the prior month.

Read the full article from the World Property Journal.

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